Chilime Hydropower profit decline by 12.47% in Q2; Interest income rises by 32.52% and has invested Rs 5.94 arba in associates

Mon, Feb 10, 2020 8:04 AM on Financial Analysis, Stock Market,

Chilime Hydropower Company Limited (CHCL) has published the unaudited second quarter report for FY 76/77 today. As per the report, the net profit of the company has decline by 12.47% to Rs 39.66 crore from Rs 45.31 crore in the corresponding quarter of last fiscal year. 

The company’s paid-up capital remains at Rs 5.70 arba. Similarly, the company has Rs 3.94 arba as retained earnings.

The investment in term deposits which were previously worth Rs 1.16 arba have increased by almost 35.35% to Rs 1.57 arba by the end of the second quarter and the company has invested Rs 5.94 arba in its associates companies.

The revenue from the sale of electricity decline by 0.90% and currently stand at Rs 61.86 crore. The company royalty expenses rise by 14.19% to Rs 8.39 crore and earn Rs 7.35 crore from bank interest.

In the second quarter; CHCL annualized EPS stands at Rs 13.89 and net worth per share is Rs 169.07. The quarter end P/E ratio is 30.59 times.

Chilime Hydropower proposes 25% dividend; Book Closure on Kartik 27, 2076 and its dividend is already endorsed by AGM and adjusted in published Q2 report.

 Major Highlights:

Particulars (Rs in 000)

Chilime Hydropower

Q2 2076/77

Q2 2075/76

Difference

Paid Up Capital

        5,709,763.00

      4,758,136.00

20.00%

Retained Earnings

        3,943,709.00

      4,420,182.00

-10.78%

Property, Plant and Equipment

        1,787,676.00

      1,849,950.00

-3.37%

Investment in associates

        5,941,752.00

      5,924,601.00

0.29%

Investment in Term Deposits

        1,571,161.00

      1,160,774.00

35.35%

Cash and Cash Equivalents

           176,197.00

          161,730.00

8.95%

Sale of Electricity

           618,663.00

          624,252.00

-0.90%

Hydro Electric Plant Operating Exp.

              38,179.00

            14,741.00

159.00%

Royalty

              83,966.00

            73,529.00

14.19%

Finance Income

              73,567.00

            55,514.00

32.52%

Depreciation

              31,834.00

            35,131.00

-9.38%

Operating Profit

           436,514.00

          483,027.00

-9.63%

Tax

           103,779.00

            75,000.00

38.37%

Net Profit

           396,639.00

          453,154.00

-12.47%

Annualized EPS (In Rs.)

                      13.89

                     19.05

-27.06%

Net Worth per Share (In Rs.)

                    169.07

                  192.90

-12.35%

P/E Ratio

                      30.59

                     34.86

-12.25%

Qtr End Market Price

425